(YLD) Principal Active High Yield - Overview
ETF Category: High Yield Bond | Exchange: NYSE ARCA (USA) | Market Cap: 545m USD | Total Return: 6.8% in 12m
Avg Turnover: 2.73M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Principal Active High Yield ETF (YLD) is an actively managed fund focused on non-investment-grade fixed-income instruments. Under normal market conditions, the fund allocates at least 80% of its net assets to high-yield securities, including corporate bonds and bank loans. To manage liquidity and risk, the portfolio also maintains positions in U.S. Treasury securities, investment-grade bank loans, and preferred securities.
High-yield bonds, often referred to as junk bonds, are issued by companies with credit ratings below Baa3 by Moody’s or BBB- by S&P. This sector typically offers higher coupon rates to compensate investors for increased default risk compared to investment-grade debt. Bank loans within this category often feature floating interest rates, which can provide a hedge against rising rate environments as their yields adjust periodically based on benchmark rates.
For more detailed insights into the underlying holdings and credit quality of this fund, you can review its performance metrics on ValueRay. Investors should note that active management allows the fund to adjust its duration and credit exposure in response to shifting economic cycles and interest rate volatility.
- Credit spread volatility directly impacts net asset value and secondary market pricing
- Corporate default rates influence underlying bond recovery values and fund distribution yields
- Federal Reserve interest rate policy shifts drive high yield bond valuation fluctuations
- Active management credit selection determines alpha performance relative to junk bond benchmarks
- Economic growth cycles dictate the solvency and cash flow of leveraged issuers
As of June 07, 2026, the stock is trading at USD 18.92 with a total of 139,527 shares traded.
Over the past week, the price has changed by -0.47%,
over one month by +0.00%,
over three months by +1.22% and
over the past year by +6.75%.
Principal Active High Yield has no consensus analysts rating.